You have the money. You just don't have a paycheck.
Asset depletion converts your wealth into qualifying income without liquidating anything. For retirees and high-net-worth borrowers who don't fit the W-2 mold.
Overview
Decades of building wealth. Retirement accounts, brokerage portfolios, savings. You can clearly afford a home. But you don't have traditional employment income, so the standard mortgage process treats you like you can't.
Asset depletion takes your eligible liquid assets, divides them by a set number of months, and produces a monthly income figure for qualification. No employment needed. No pay stubs. No W-2. The math is the qualification.
The catch: methodology varies wildly across lenders. Some divide by a larger number (lower qualifying income). Others use a more favorable divisor (higher qualifying income). The same asset pool can qualify you for very different loan amounts depending on where the file goes. That's where broker access matters.
Key Details
How I Handle This
I inventory your eligible assets, apply the different lender methodologies, and show you how the qualifying number lands under each. Then I price the loan.
If standard conventional works with pension, Social Security, or investment income, I tell you that instead. Asset depletion isn't always necessary. When it is, the lender choice matters more than usual.
Questions I Get
Do I have to sell my investments?
No. The lender calculates potential income from your assets without requiring liquidation.
Do retirement accounts count?
Yes. Usually at a discounted value depending on your age and account type.
What's the minimum?
Varies by lender and loan amount. You need significant liquid assets for the math to work. I tell you where you stand.
Conventional or non-QM?
Both exist. Conventional (Fannie Mae) has one methodology. Non-QM lenders have others that may be more favorable. I compare.
Assets but no paycheck? That's not a problem.
Send me a summary of your liquid assets. I'll calculate qualifying income across multiple lender methodologies.